#2623069, Amy Seely, Listing office: The Seely Group LLC
$2,340,000 List price
502 Grace Ln Austin, TX 78746
$10,000
Closing credit¹
8 beds
5 full, 1 partial
5,062 sqft
3.7 acres
$462 / sqft
House
Property details
About 502 Grace Ln
INVESTMENT/BUILDER OPPORTUNITY IN TRAVIS COUNTY NOT IN THE ETJ: Seller Financing Option: Escape the ordinary and enter a realm of enchantment at 502 Grace Lane. Nestled in the Eanes Independent School District, this sprawling property boasts breathtaking canyon views and ancient forests. Unbound by restrictions, the possibilities are endless. The property itself is a wonderland. A comfortable 2600 sq ft main house offers a perfect sanctuary, while a charming duplex and a quaint guest house provide additional space or income potential. Cascading tiers lead down to a mesmerizing creek, all encompassed by pristine woodlands. This legal tract is a blank canvas for your vision. Whether you seek a sprawling estate, a community haven, or a source of income, the choice is yours. Since the 1970s, the property has enjoyed freedom from restrictions, empowering you to shape its destiny. Multiple electric meters, a deep well, and nearby MUD districts ensure convenience and self-sufficiency. Three structures totaling 5062 sq ft await your arrival. 2600 sq ft home, 2 bed 1 bath duplex and 500 sq ft guest house. MAGICAL PROPERTY WITH BREATHTAKING CANYON VIEWS NO ZONING RESTRICTIONS. LEGAL TRACT EXEMPT FROM REQUIREMENT TO PLAT
Highlights
Home typeSingle Family Residence
HeatingCentral
StatusActive
CoolingCentral Air
Size5,062 sqft
Lot size3.747 Acres
Year built1974
ParkingAdditional Parking, Circular Driveway, Carport, Garage, Garage Faces Side
MLS #7556083
Garage2 spaces
WaterfrontCreek
FireplaceGreat Room
ViewCanyon, Park, Creek/Stream, Trees/Woods
Virtual tour
Summary
- Partial Bathrooms: 1
- Full Bathrooms: 5
- Appliances: Other
- Flooring Type: See Remarks
- Interior: See Remarks
- Fireplace: Great Room
- Total Bedroom Count: 8
- Garage Space: 2 spaces
- Private Pool: No
- Parking: Additional Parking, Circular Driveway, Carport, Garage, Garage Faces Side
- Waterfront: Creek
- View: Canyon, Park, Creek/Stream, Trees/Woods
- Exterior: Balcony, Private Yard, See Remarks
- Heating: Central
- Cooling: Central Air
- List Price: $2,340,000
- Price/SqFt: $462
- Annual Tax Amount: $9,548
- Tax Year: 2019
- Lot: Back Yard, Near Park, Gentle Sloping
- Directions: Bee Caves Rd Turn on Grace Lane. Vier to the Right on the road.
- Year Built: 1974
- Stories: 2
- Living Area: 5,062 SqFt
- Lot Size: 3.747 Acres
- MLS Number: 7556083
- MLS Name: ACTRIS
- Office Name: Christie's Int'l Real Estate
- Office Phone: (512) 368-8078
- Listing Agent: Beth Sher
Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS or Unlock MLS®). All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS, Unlock MLS and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data maintained by the Board, ACTRIS or Unlock MLS may not reflect all real estate activity in the market. Prices displayed on all Sold listings are the Last Known Listing Price and may not be the actual selling price.
Copyright 2025 Unlock MLS and Austin Central Texas Realty Information Services, Inc.
Listings courtesy of Unlock MLS as distributed by MLS GRID.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS.
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Last updated on: 6/14/2025, 3:45:25 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$2,340,000
502 Grace Ln
$10,000
closing credit¹
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Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $205,646 | $- |
| 2023 | $1,309,575 | $- |
| 2021 | $616,066 | $- |
| 2019 | $509,145 | $9,548 |
| 2018 | $462,859 | $7,474 |
| 2017 | $420,781 | $7,198 |
History based on county public records data.
Nearby schools
10
Barton Creek Elementary School
Public District KG-5
1.3 mi
•1370 Patterson Rd
7
Valley View Elementary School
Public District KG-5
3.1 mi
•1201 S Capital of Texas Hwy
9
Forest Trail Elementary School
Public District KG-5
3.2 mi
•1203 S Capital of Texas Hwy
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $204,386. Most Austin, TX residents have annual incomes $200k+. Typical family type is married, with kids. The majority of residents in this area have post secondary degree education.
How much money do the neighbors make?
8%
<35k
15%
35k-100k
23%
100k-200k
54%
200k+
What level of education do the neighbors have?
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
16%
Single, No Kids
7%
Single, with Kids
30%
Married, No Kids
47%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
15%
<11 yrs old
17%
12-17 yrs old
9%
18-34 yrs old
50%
35-64 yrs old
9%
65+ yrs old
What do the neighbors do for fun?
Skiing/snowboarding
PGA/LPGA
Extreme Sports
Where do the neighbors shop?
BJs Wholesale Club
Stein Mart
Nordstrom
Where do the neighbors go to eat?
Panera
Cracker Barrel
California Pizza Kitchen
What do the neighbors drive?
Infiniti
Lexus
BMW
What do the neighbors listen to?
Adult Hits
Oldies- Talk/Personality
All data provided by Home Junction and Claritas
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Frequently asked questions
About 502 Grace Ln
The listing price of 502 Grace Ln property is $2,340,000.
The property 502 Grace Ln is a house located in Austin, Texas, 78746.
Active Listing: 502 Grace Ln is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 502 Grace Ln are: Barton Creek Elementary School (GreatSchools Rating 10/10), Valley View Elementary School (GreatSchools Rating 7/10), Forest Trail Elementary School (GreatSchools Rating 9/10), West Ridge Middle School (GreatSchools Rating 10/10), Hill Country Middle School (GreatSchools Rating 10/10), Canyon Ridge Middle School (GreatSchools Rating 9/10), Westlake High School (GreatSchools Rating 9/10), Austin High School (GreatSchools Rating 8/10), Vandegrift High School (GreatSchools Rating 8/10).
According to the records, the last property tax for 2019 is $9,548 (source: MLS/based on county public records data).
The property at 502 Grace Ln has 8 bedrooms and 5 full and 1 half bathrooms.
The property 502 Grace Ln is 5,062 SqFt (source: MLS/tax record).
The year of construction for 502 Grace Ln is 1974.
This home is located at 502 Grace Ln in Austin, TX and zip code 78746 in the Rob Roy neighborhood. This 5,062 square foot home, which was built in 1974, sits on a 3.75 acre lot. Features: 8 bedrooms, 6 bathrooms. It has been listed on Rocket Homes since April 22, 2025 and is currently priced at $2,340,000.
While more than 134 listings in Austin, TX in May 2025 were sold above asking price, there were more than 152 listings sold at asking price, and more than 636 were sold below. The inventory of homes for sale in Austin, TX between April and May 2025 increased by 17.3%. In May 2025 median list price was $575,934 and the average listing age was 47 days.
From Rocket Homes Real Estate and based on county public records data.